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Business for Sale Summary

2200 sq. ft. Bar w/ Kitchen and Patio *REDUCTION* - 28722

Business Type: other eating & drinking places,restaurant/ cafes,best deals!,new to market,bar/tavern/night clubs
2200 sq. ft. Bar w/ Kitchen and Patio *REDUCTION*
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $270,000 Lease Remaining Register Free to View
Owner’s Cash Flow $95,200 Number of FT Employees Register Free to View

Financing

$99,000 Down and Possible.

Business Description

Great Local Bar w/ Kitchen and Patio. **MAJOR PRICE REDUCTION** This local bar and restaurant offers 2200 sq. ft. of space (plus a fully permitted outdoor patio that can handle an additional 40-50 patrons), and a fully equipped kitchen. Under the current owner, the kitchen is rarely ever used. The location is currently open 7 days from 12noon - 4am. They have a legal occupancy of 75, but have had events with over 300 patrons. They have a parking lot in front of the building. The lease has 10 years remaining with only 3% annual increases. Rent is $5,495/mth. (incl. taxes and maintenance). The business has been here for over 50 yrs. In the past year, the business grossed approx. $287,000.00 with a Net Income of approx. $97,000.00. The owner is selling as he owns a few other locations and does have enough time to run this location. We are seeking a serious and financially qualified buyer with at least $100K in liquid funds to cover the downpayment and rent security. If you meet this criteria, please call 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.